we must have an environment where u.s. headquartered companies can't compete effectively on a global basis because that's where 95% of the world's population is. so my conclusion investing in basic research and our universities has been critical to america's success over the past fifty years, and i believe it will be more important going forward. and i'm happy to answer any questions. >> thank you mr. templeton. dr. jackson? >> chairman smith, ranking member, and distinguished member of the committee. thank you for the opportunity testify before you on american competitiveness. the role of research and development. i have to say that -- the politic knick institute graduates have been a part of america's policy through discovery and innovation since the university was founded in 1824. more importantly, americans held prosperity, security and global leadership depend upon our strength as you have heard in science and technology. our investment in scientific research and education have made a difference in people's lives. let